## **Company registration number: 04294363 Charity registration number: 1095790**
East Kent Railway Trust (A company limited by guarantee)
Financial Report
31 January 2025
**Company registration number: 04294363 Charity registration number: 1095790**
## **East Kent Railway Trust**
(A company limited by guarantee)
## **Trustees' Report**
The Trustees and management have endured a year of reduced income and greatly increased costs.
This has resulted in less development of this museum railway.
The Trustees are managing operating costs and expenses adequately and look forward to a better financial situation in the country.
## **Trustee Directors**
The trustee directors shown below held office during the whole of the period to 31st January 2022
Mr D Harris Mr A C Coe Mr A Hodges Mr A Fox
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the trustees of the charity on 23 October 2025 and signed on its behalf.
Mr D Harris Chairman
1
## **East Kent Railway Trust**
## **Independent Examiner's Report to the trustees of East Kent Railway Trust**
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended 31 January 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”)
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
• accounting records were not kept in accordance with section 386 of the Companies Act 2006;or
• the accounts do not accord with such records; or
• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
•the accounts have not been prepared in accordance with the Charities SORP (FRS102).
TRW Accountants
35 Coxhill Gardens River Dover Kent CT17 0PX
23 October 2025
2
## **East Kent Railway Trust Profit and Loss Account for the year ended 31 January 2025**
|**Turnover**
Direct Costs
**Gross profit**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) before taxation**
Tax on profit/(loss)
**Profit/(loss) for the financial year**|**2025**
**£**
80,438
(29,730)
50,708
(50,260)
448
448
-
448|**2024**
**£**
72,788
(27,819)
44,969
(45,792)
(823)
(823)
-
(823)|
|---|---|---|
3
## **Company registration number: 04294363 Charity registration number: 1095790**
## **East Kent Railway Trust**
(A company limited by guarantee)
## **Balance Sheet as at 31st January 2025**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Debtors
4
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
5
**Net current assets**
**Net assets**
**Capital and reserves**
Other Reserves
Profit and loss account|**2025**
**£**
188,832
36,882
20,509
57,391
(30,534)
26,857
215,689
54,101
161,588
215,689|**2024**
**£**
201,244
6,900
38,957
45,857
(31,860)
13,997
215,241
54,101
161,140
215,241|
|---|---|---|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Harris Chairman and Trustee Approved by the board on 23 October 2025
4
**East Kent Railway Trust Notes to the Accounts for the year ended 31 January 2025**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
## _**Turnover**_
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
## _**Intangible fixed assets**_
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings In accordance with the property Plant and machinery 25% / 20% / 10% on reducing balance
## _**Investments**_
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5
## **East Kent Railway Trust Notes to the Accounts for the year ended 31 January 2025**
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
## _**Provisions**_
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation
## _**Foreign currency translation**_
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
## _**Leased assets**_
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
## _**Pensions**_
Contributions to defined contribution plans are expensed in the period to which they relate.
|**2**
**Employees**
Average number of persons employed by the company|**2025**
**Number**
0|**2024**
**Number**
0|
|---|---|---|
6
## **East Kent Railway Trust Notes to the Accounts for the year ended 31 January 2025**
## **3 Tangible fixed assets**
|**Land and**
**buildings**
**Plant and**
**machinery**
**etc**
**£**
**£**
**Cost**
At 1 February 2024
212,459
127,427
At 31 January 2025
212,459
127,427
**Depreciation**
At 1 February 2024
78,912
82,021
Charge for the year
3,978
6,382
At 31 January 2025
82,890
88,403
**Net book value**
At 31 January 2025
129,569
39,024
At 31 January 2024
133,547
45,406
**4**
**Debtors**
Other debtors
**5**
**Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security costs
Amounts owed by group undertakings and undertakings in which
the company has a participating interest
Amounts owed to group undertakings and undertakings in which
the company has a participating interest|**Motor**
**vehicles**
**£**
32,760
32,760
10,469
2,052
12,521
20,239
22,291
**2025**
**£**
10,382
26,500
36,882
**2025**
**£**
10,501
18,650
1,383
30,534|**Total**
**£**
372,646
372,646
171,402
12,412
183,814
188,832
201,244
**2024**
**£**
6,900
-
6,900
**2024**
**£**
6,310
25,550
-
31,860|
|---|---|---|
## **6 Other information**
East Kent Railway Trust is a private company limited by guarantee and incorporated in England. Its registered office is:
Station Road Shepherdswell Dover Kent CT15 7PD
7
## **East Kent Railway Trust Detailed profit and loss account for the year ended 31 January 2025**
|**Turnover**
Direct Costs
**Gross profit**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) before tax**|**2025**
**£**
80,438
(29,730)
50,708
(50,260)
448
448|**2024**
**£**
72,788
(27,819)
44,969
(45,792)
(823)
(823)|
|---|---|---|
8
## **East Kent Railway Trust Detailed profit and loss account for the year ended 31 January 2025**
|**Sales**
Donations
Membership
Insurance and rent recovered
Other income
**Direct Costs**
Repairs and maintenance
Fuel
Other direct costs
**Administrative expenses**
Employee costs:
Travel and subsistence
Premises costs:
Rates and water
Light and heat
General administrative expenses:
Telephone and internet
Postage and stationery
Advertising
Insurance
Licences and subscriptions
Waste
Depreciation
Legal and professional costs:
Accountancy fees
Bookkeeping|**2025**
**£**
14,079
2,306
20,440
43,613
80,438
22,005
1,603
6,122
29,730
5,457
5,457
537
14,440
14,977
1,518
2,256
75
8,677
1,230
320
12,412
26,488
1,034
2,304
3,338
50,260|**2024**
**£**
18,366
4,650
23,223
26,549
72,788
23,187
2,113
2,519
27,819
2,813
2,813
272
8,961
9,233
1,326
2,740
719
8,961
700
718
16,549
31,713
833
1,200
2,033
45,792|
|---|---|---|
9